Attending China’s Belt and Road infrastructure forum in Beijing yesterday, Russian president Vladimir Putin sought international investment to develop the Northern Sea Route (NSR). “We invite interested states to participate directly in its development, and […]
Doha, Qatar: QatarEnergy signed an agreement with Korea’s HD Hyundai Heavy Industries (HHI) for the construction of 17 ultra-modern LNG carriers. The deal, valued at 14.2 billion Qatari Riyals, marks the start of the second […]
Yinson Holdings Bhd., a Malaysian firm making vessels for offshore oil and gas production, expects to deliver close to $1 billion in core earnings as soon as 2025 amid strong demand, its top executive said. […]
A P&O cruise ship has collided with an oil tanker off the coast of Spain, injuring some passengers on board. There were thousands of cruise-goers on-board the Britannia, the flagship of the P&O fleet when it was battered […]
Russia is undertaking a trial run for a new, strategically vital oil and gas export route — one that will begin in the Baltic Sea and transverse icy Arctic waters before terminating in Asia. Tankers […]
Western nations warned the shipping industry at the weekend of increased risks to vessels transiting the Strait of Hormuz in the Middle East. “As of now, the timeline remains at 72 hours” from Saturday, maritime […]
The Union of Greek Shipowners (UGS) 2022 – 2023 annual report said the country’s shipowners control 21% of the global merchant fleet in deadweight tonnage terms. The 5,520-vessel strong Greek merchant fleet having grown by […]
Spending on new LNG carriers since the beginning of 2022 represents 27% of total newbuilding investment and more than any other sector including containerships. With owners having racked up some $47 billion in investments in […]
In the aftermath of the Ukraine crisis, the global energy crisis took the world by storm last year, reshaping the structure of natural gas markets and leaving profound implications in its wake for policymakers and […]
A UN-led operation years in the making to prevent a large-scale oil spill from occurring off Yemen’s Red Sea coast has made major gains. The replacement vessel Nautica sailed from Djibouti, arriving at Yemen’s Hodeidah […]
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